WVC 11 - 6 F- 3
§11-6F-3. Tax treatment of certified capital addition property.
Notwithstanding any other provisions of law, the value of
certified capital addition property, for purposes of ad valorem
property taxation under this chapter, is its salvage value, which
for purposes of this article is five percent of the certified
capital addition property's original cost. For capital additions
certified on or after July 1, 2011, the value of the land before
any improvements shall be subtracted from the value of the capital
addition and the unimproved land value shall not be given salvage
value treatment.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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